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CM-09-06-106ROUND ROCK, TEXAS PURPOSE. PASSION. PROSPERITY. Via U.S. Mail, First Class And CMRRR # 0307 0020 0001 5237 4213 Mr. Richard M. Ramirez First Southwest Company 325 North St. Paul Street, Suite 800 Dallas, TX 75201-3852 June 3, 2009 RE: City Financial Advisory Agreement Between the City of Round Rock, Texas and First Southwest Company Dated December 6, 2001. Dear Mr. Ramirez: I am writing as the City Manager for the City of Round Rock, Texas (the "City"). The purpose of this letter is to provide First Southwest Company ("First Southwest")) with 30 days written notice of the termination of the above referenced agreement bet een the City and First Southwest ("Agreement"). Pursuant to Section IV of he Agreement, the City hereby notifies First Southwest that the Agreement shall terminate 30 da s from the date of this notice. y Thank you for your attention to this matter. Should you have any questions or need to discuss the matter, please do not hesitate to contact me. Mayor Alan McGraw Mayor Pro -tem Joe Clifford Councilmembers Rufus Honeycutt George White Carlos T. Salinas Scott Rhode Kris Whitfield City Manager James R. Nuse, P.E. City Attorney Stephan L. Sheets 161873/m1 ,'M-09 O(- ( O(4) Sincerely, s R. Nuse, P.E. City Manager Round Rock CITY OF ROUND ROCK FINANCE DEPT., 221 East Main Street • Round Rock, Texas 78664 Phone 512.218.5400 • Fax 512.341.3301 • www.roundrocktexas.gov DATE: June 3, 2009 SUBJECT: City Manager - June 12, 2009 ITEM: Consider executing a Termination Letter regarding financial adviso services with First Southwest Company. Department: Finance Department Staff Person: Cheryl Delaney, Finance Director Justification: The purpose of this letter is to provide First Southwest Company with 30 days written notice of the termination of the agreement between the City and First Southwest Company dated December 6, 2001. Pursuant to section IV of the afore mentioned agreement. Outside Resources: N/A Funding: Cost: Source of funds: $0.00 Background Information: Public Comment: N/A